Title: Top Down Approach Discussion and how to View BPT - Click on Title

Hi Matt/steve, is today highly

Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am

Hi Matt/steve, is today highly likely to be a trend day?

Zoom intra day access

Posted by matt on 10th of Aug 2020 at 11:04 am

Join Zoom Meeting
https://us02web.zoom.us/j/4436820782

the Zoom is back up

Posted by matt on 12th of Aug 2020 at 09:38 am

the Zoom is back up but I'm also in middle of opening workspaces

guys the Zoom has been

Posted by matt on 11th of Aug 2020 at 11:55 am

guys the Zoom has been up all morning

I haven't taken many new

Posted by matt on 11th of Aug 2020 at 12:10 pm

I haven't taken many new trades today on stocks, mainly justmanaging positions, I bought 50 GLD put options last week and shorted GLD on Thur, so took profits on a large portion of those. I also had JPM and some KRE coming into today

I've also been day trading ES

the other thing I'm working on is visually reviewing the SPX KiSS charts and placing the trades in a spreadsheet so that we can see some statistics.  I'm guessing by the time I'm done the DVT system would provide 3  - 4 times over buy and hold from Mar 2009. however the main benefit I think is the lack of draw down.  The market had a 25% correction in 2011, the DVT you got out 4% off the highs so you avoided that. same for strong corrections like 2015/2016, one in 2014, and of course Feb/Mar this year the DVT stopped you out about 5% from the highs whereas the market fell 35% or you would have had to sit through a 35% drawdown.  To me that's where it shines.  Also I'm NOT computing all those additional trade signals you have while in a trade that I showed in those webinars, I'm ONLY showing first entry off a low then the exit when the DVT is hit. As you know during a long trend you could have 5 - 10 small buy signals in there to greatly add to your profits, I'm not computing those (too much right ).  Also number of total times DVT's hit in a year, it's not much. To give you an example the system signaled a long on 3/10/09 and the DVT stop wasn't hit until 1/21/10 or 317 days later.  You had 2 DVT's hit in 2010, 4 hit in 2011, 3 in 2019 etc.  so maybe on average 3 a year? with ranges of as little as 2 to maybe 4 - 5 max

Wow, that's a lot of

Posted by timebandit on 11th of Aug 2020 at 12:19 pm

Wow, that's a lot of effort, but should give a good picture of the system at work. 

Question about the zoom . I checked it about 30 minutes ago and it was showing $INX, which I'm not familiar with. It said it's a SPX instrument, but the numbers were in the 1200s. Does it correlate with SPX, but just with different values?

it's been showing @ESM20 all

Posted by matt on 11th of Aug 2020 at 12:47 pm

it's been showing @ESM20 all morning, I think yesterday it was showing INX which is SPX cash, but that was yesterday.

Sorry to bother you about

Posted by timebandit on 11th of Aug 2020 at 01:05 pm

Sorry to bother you about this. I used the link above in the sticky note. Refreshed the screen, clicked it again just now, still saw $INX. Not sure why.

I am also just seeing

Posted by darren_denn on 11th of Aug 2020 at 01:08 pm

I am also just seeing INX - seems like the data is frozen and not updating, anyone else have this problem?



The community is delayed by three days for non registered users.

Thank you Steve. 

do you have a chart to share?

Thanks for posting. Looks compelling

Solar Stocks

Posted by amp43679 on 8th of Aug 2020 at 01:01 pm

Thanks for posting. Looks compelling in solar stocks.  

Solar Stocks

Posted by steve on 8th of Aug 2020 at 12:50 pm

FSLR ENPH SPWR CSIQ SEDG JKS DQ etc have been trending higher.  Would like to find time to review some names  as likely to be future growth area

Thanks for posting

Ciovacco Weekend Video

Posted by steverobin on 8th of Aug 2020 at 12:49 pm

Thanks for posting

Weekly Views

Posted by steve on 8th of Aug 2020 at 12:47 pm

XRT - Chart Link - nearly back to its 2018 highs 

$TRAN - Chart Link

Nice week for Retail and Transports 

IWM Daily View

Posted by steve on 8th of Aug 2020 at 12:34 pm

IWM - Chart Link- Friday's upward move in regional banks aided the Russell 2000 (see KRE)

z0ned - volume will be

HON Updated View

Posted by steve on 8th of Aug 2020 at 12:31 pm

z0ned - volume will be needed to break the resistance just overhead but in the meantime focus on PRICE as your primary point - was a decent trade on Friday. 

Nothing is better or worse in terms of the MA's - use what works best for YOU.   The 20 SMA ties in nicely with the BB's (midpoint).  Again, this choice isn't about right or wrong, it's about what works best for you since MA's are simply guides.  Several traders also use the 13 and 34 MA's (fibs). 

Yup...ALSO QQQ weekly has a massive ascending wedge. I can see this breakdown as early as coming week or week after. But it’s time for puts QQQ XLK for sure

Nice BO on bank stocks

Posted by racerick on 8th of Aug 2020 at 07:03 am

Nice BO on bank stocks yesterday. Feel like for market to keep going needs to have them participate.

http://schrts.co/DfujEfaP

http://schrts.co/AaZwjNgv

Matt could you share the

Posted by mundy on 8th of Aug 2020 at 12:11 am

Matt could you share the DVT daily, 120min and half day charts on the gold futures /GC.

Need some volume....

HON Updated View

Posted by z0ned on 7th of Aug 2020 at 04:53 pm

Need some volume....

CUBE Daily View Updated

Posted by steve on 7th of Aug 2020 at 04:25 pm

looks like I got my answer with strength into the end of day/week .... 

DHI:  A wedge has formed

Posted by flredsox on 7th of Aug 2020 at 04:04 pm

DHI:  A wedge has formed after ER on Tuesday.

Thanks Matt, keep them coming!

Steve/Matt - Any reason why

Posted by arun on 7th of Aug 2020 at 04:02 pm

Steve/Matt - Any reason why you guys use SMA instead of EMA for 9 and 21 day MA`s ? I recall readin somewhere that EMA`s are better for short term MA`s ? Appreciate your thoughts

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